Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Hits New 12-Month High – Time to Buy?

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $61.08 and last traded at $60.83, with a volume of 175927 shares. The stock had previously closed at $60.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Banco Latinoamericano de Comercio Exterior from a “buy (a)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Banco Latinoamericano de Comercio Exterior Trading Up 0.3%

The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.40. The company has a fifty day simple moving average of $55.10 and a 200-day simple moving average of $49.91. The company has a market capitalization of $2.26 billion, a PE ratio of 10.09 and a beta of 0.81.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter. The firm had revenue of $83.10 million during the quarter. Banco Latinoamericano de Comercio Exterior had a net margin of 27.77% and a return on equity of 14.36%.

Banco Latinoamericano de Comercio Exterior Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th were given a dividend of $0.6875 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, May 8th. Banco Latinoamericano de Comercio Exterior’s payout ratio is presently 45.68%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. raised its position in Banco Latinoamericano de Comercio Exterior by 4.8% in the third quarter. Hillsdale Investment Management Inc. now owns 122,864 shares of the bank’s stock valued at $5,648,000 after purchasing an additional 5,600 shares during the period. Ramirez Asset Management Inc. grew its holdings in shares of Banco Latinoamericano de Comercio Exterior by 12.0% during the 3rd quarter. Ramirez Asset Management Inc. now owns 39,988 shares of the bank’s stock worth $1,838,000 after purchasing an additional 4,270 shares during the period. Diversified Trust Co. purchased a new position in shares of Banco Latinoamericano de Comercio Exterior during the 4th quarter worth $200,000. LSV Asset Management increased its position in shares of Banco Latinoamericano de Comercio Exterior by 1.3% during the 4th quarter. LSV Asset Management now owns 1,163,826 shares of the bank’s stock worth $51,907,000 after purchasing an additional 15,291 shares during the last quarter. Finally, Diversified Trust Co increased its position in shares of Banco Latinoamericano de Comercio Exterior by 63.0% during the 1st quarter. Diversified Trust Co now owns 7,316 shares of the bank’s stock worth $374,000 after purchasing an additional 2,827 shares during the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior SA, commonly known as BLADEx and traded on the New York Stock Exchange under the symbol BLX, is a multilateral financial institution dedicated to promoting foreign trade and regional integration in Latin America and the Caribbean. Headquartered in Panama City, the bank provides specialized trade finance solutions to corporate clients and financial institutions, helping to facilitate cross-border transactions across key markets in the region. Its services encompass import and export financing, supply chain solutions, project and structured finance, as well as treasury and risk management products.

Established in 1977 by a consortium of 20 Latin American and Caribbean governments in partnership with the Inter-American Development Bank (IDB), BLADEx has a mandate to support economic development through trade facilitation.